Annual General Meeting

ANNUAL GENERAL MEETING

Management Proposal

Manual for participation in Shareholder’s Meeting

April 29th, 2020 TABLE OF CONTENTS

Message from the Chairman of the Board of Directors ...... 03 Message from the Chief Executive Officer ...... 04 Invitation ...... 05 Procedures and Terms……...... 06

Matters to be resolved in Annual General Meeting: 1) Examine, discuss and vote on the management statements and financial statements for the fiscal year ending December 31 2019 Management Statements ...... 09 Financial Statements ...... 09 2) Examine, discuss and vote the proposal for the allocation of net income for the fiscal year and the distribution of dividends Allocation of net income ...... 10 Distribution of dividends ...... 10 3) Establish the number of members of the Board of Directors…...... 10 4) Elect the members of the Board of .Directors ...... 11 5) Establish the amount of compensation of the members of Management...... 14 6) Establish the number of members of the Fiscal Council……...... 14 7) Elect the members of the Fiscal Council...... 15 8) Establish the amount of compensation of the members of the Fiscal Council...... 16

Attachments I. Notice to the Market for Public Proxy Request ...... 18 II. Form of Proxy and Information of Annex 23 of Rule 481/09 ...... 19 III. Management Report and Analysis ...... 22 IV. Management’s Comments on the Corporation’s Financial Condition ...... 40 V. Financial Statements and Explanatory Notes ...... 74 VI. Independent Auditors’ Report ...... 133 VII. Report and Opinion of the Audit Risk Management Committee and Fiscal Council ...... 138 VIII. Capital Budget Proposal and Officers’ Representations ...... 142 IX. Proposal for Application of Net Profit ...... 146 X. Information on the Candidates Appointed by Management ...... 149 XI. Additional Information on Management Compensation ...... 156 XII. Call Notice...... 182

2 MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS

Dear Shareholders, We invite you to participate in the Annual General Meeting (“AGM”) called for April 29, 2020 at 1:00 p.m. (Brazil) at the Company’s head office at Av. Joaquim Porto Villanova, 401, Jardim do Salso, Porto Alegre/RS – Brazil.

Lojas Renner S.A. was the first widely held company in Brazil and for this reason, over the years, it has been necessary to develop innovative mechanisms for the organization and execution of corporate actions such as the adoption of both the pioneering Manual for Participation in Shareholders’ Meetings, along the lines of proxy statements characteristic of foreign companies, as well as the use of the public request for a power of attorney mechanism. The Company also employs the remote voting system allowing investor manifestations via ballot, shareholders being able to choose the most convenient way of taking part in the meetings: (i) personally, (ii) by the remote voting system, (iii) by representation or (iv) by the request for a public request for a power of attorney prepared by the Company. In addition, the Company also counts with the Corporate Governance Secretary that support the activities related to the functioning of governance, the servicing of and interaction with shareholders and proxy advisory agencies, including matters related to general meetings.

The year of 2019 was characterized by transition in the Corporate Governance dimension. After 28 years as Chief Executive Officer, I took over the position of Chairman of the Board with support in the strategic decisions and the preservation of the company's corporate culture, and Fabio Adegas Faccio succeeding me as the new CEO. I would like to thank the extreme dedication of Osvaldo Burgos Schirmer, who was our Chairman from 2013 and 2019, and who has assumed the position as Vice Chairman of the Board and Carlos Fernando Couto de Oliveira Souto, who has been Vice Chairman since 2016, continues with us as a Member of the Board of Directors. In addition to this and aligned with the culture of formers of leaders and continuing the work of formation and recognition of inhouse talents as well as in support of the Company’s growth, new non-statutory officers were set up. Among these were the Risks Area which as from December, has enjoyed its own structure for data protection given the need to make the necessary adjustments for compliance with the General Data Protection Law and under the management of the Corporate Compliance area.

We believe that fashion should be conscious and responsible and its guidelines for sustainability orientate its activities in this direction. For this reason, the priority themes of sustainability of the business out to 2021 are enshrined in the strategic plan for Responsible Fashion. On this basis, the Sustainability Committee and the teams act in the continual identification and minimization of the socio-environmental risks which are critical to the value chain through major projects. As an external recognition of all the actions regarding sustainability theme, the Company continued to be a component of the Dow Jones Sustainability World Index 2019/2020 and B3’s Corporate Sustainability Index (ISE), in addition to being elected the best retail company in sustainable practices in the Guia Exame de Sustentabilidade.

We would also like to emphasize that, even in the face of today’s uncertain outlook due to Covid-19, we are taking every step and precaution needed to preserve our employees, customers, suppliers and the community at large, as recommended by the Brazilian ministry of Health and according to the statements of the World Health Organization.

To preserve the business, we are adopting every managerial action needed. Thus, in the light of the economic impacts of Covid-19, we will propose to shareholders at the upcoming Annual General Meeting distribution of FY 2019 earnings at the minimum mandatory dividend payout rate of 25% of the period’s earnings, as dividends and interest on shareholders’ equity, instead of the 50% announced in January 2020. We also revised down our 2020 capital budget, which will be BRL 560 million instead of the BRL 910 million announced before.

We understand these to be the required measures at this point, and will remain attentive and diligent should the need arise for additional action. We have always come out stronger from previous crises, thanks to the strength of our brand, to our distinctive value proposition and to our team’s engagement, which we believe to be a trend for the time at hand.

We are available for any clarifications which may be necessary by contacting the Corporate Governance Secretary. We are counting on your participation in the E/AGM, which may be through either the Remote Voting Ballot or by using the Company’s Request for a Public Power of Attorney.

Regards,

José Galló Chairman of the Board of Directors

3 MESSAGE FROM THE CEO

Dear Shareholders, and Ashua stores, and have also made a decision not to dismiss Following the Annual General Meeting (AGM) of employees without cause. E-commerce operations remain under 2019, I was elected by the Board of Directors as regular operations, even if the administrative teams are almost Chief Executive Officer of Lojas Renner S.A.. In entirely working under home-office arrangements and distribution this year of transition, besides the succession of centers and hotlines are working with reduced teams, abiding by Galló, who held the position of CEO at the every applicable safety and sanitary measure. company for 28 years and who continues with us as Chairman of the Board, and my arrival as As concerns preserving the business, we are taking a series of CEO, we worked on the first key deliveries of the managerial steps that have become necessary, such as reducing digital cycle. operating expenses and revising investments. We have also meticulously analyzed our cash and indebtedness levels to be able These were structured around three strategic to honor all of our financial obligations and maintain operations projects which are preparing us for our transformation, focused on over the course of 2020 in the best possible way. sustainable growth and the evolution of the businesses both currently and in the future, bringing greater value creation to customers, Lojas Renner, through Instituto Lojas Renner, its social action arm, is employees, the community and consequently to our shareholders. supporting health-care institutions to help meet their most pressing needs in the fight against the coronavirus in Brazil. The support, in To enchant is the Company’s purpose and its reason for being, the amount of BRL 4.1 million, will be allocated to the purchase of permeating the relationship with all its stakeholders, mainly customers, in basic and key inputs to treat the disease and contain its spread. In the search to exceed their expectations at all points of interaction. With addition, through partnerships with our main production suppliers, the beginning of the Company’s digitalization, also started a process of have developed and approved with the relevant authorities strengthening this culture through Enchantment 4.0. This unites people, facemasks and hospital gowns for production and donation to the products/services and technology with the aim of surprising the institutions supported. customers. In this context in 2019, several technological improvements and processes were implemented with a view to further improving the A portion of the funds will also be allocated to the Bom Jesus shopping experience along all the sales channels. district, in Porto Alegre, close to the Company’s registered offices, to guarantee a minimum income level for recycling workers at the Thereby, Net Revenue from Merchandise Sales was R$ 8.5 billion, a Environmental Education Center (CEA) as well as to seamstresses, growth of 13.2%, while Same Store Sales was 8.7% higher. The Gross who already had the Institute’s support. Margin from the Retailing Operation was 56.3% and Total EBITDA, 23.3%. Net Income was R$ 1.1 billion, a growth of 7.7%, while ROIC was 21.4%. In sum, we are mobilized to face the time at hand, revising Over the year there was an increasing customer traffic at the stores with processes with flexibility and agility and including attitude changes. recurring gains in market share when set against data in the IBGE’s (the We are certain that there are opportunities for improvement at the Federal Government Statistics Office) PMC index – (Monthly Retailing Company, and confident that, once this moment has passed, we Survey) for apparel and footwear. Our shares recorded an appreciation will remain with an engaged team and a company even better of 47.5% on the São Paulo Stock Exchange with a daily trading volume prepared for the short-, medium- and long-run future. of R$ 184.8 million, thus maintaining our position among the most liquid Now that we are preparing for our AGM 2020, I would like to shares of Brazilian retailers. remined shareholders of the importance of participation in the The Company’s performance has been made possible thanks to the Meeting, but pointing out that this participation may be through notable talent and efforts of our teams. “People” is one of Lojas the use of the Remote Voting Ballot or the Request for a Public Renner’s corporate values. A key pillar, which is fundamental to Power of Attorney. This Manual, which anticipates clarifications and ensuring that the people objective permeates the entire business, is the guidance on voting on the resolutions to be taken at the engagement of the teams. For this reason, the Company is focused on Company’s AGM, provides information on how these voting guaranteeing a favorable climate in the working environment in which methods can be used by our shareholders. The date, place, people feel valorized, recognized and want to be and to stay. In 2019, matters to be deliberated and all voting guidelines and procedures the level of engagement of our employees reached 87%, keeping us in are detailed in this Management Proposal/Manual for Participation the high performance quadrant on the global scale according to data in the Meeting. With this Manual, we are reconciling the published by Willis Towers Watson. Company's pioneering practice with the requirements of CVM Instruction No. 481/09. In 2019, we continued to reaffirm our commitment to increasingly responsible fashion based on our sustainability guidelines and oriented To assist our shareholders in their analyses and appreciation of the by the following strategic pillars: responsible suppliers; eco-efficient matters to be debated, we have included as attachments to this management; engagement of employees, communities and Manual, documents relating to each matter on the agenda of the customers; and sustainable products and services. We invested in the day together with the different voting mechanisms and the list of energy efficiency of the operations and renewable power of low documents required for each one. impact, such as solar. We have expanded the process of mapping and We are doing our very best to ensure that the AGM is installed on monitoring international suppliers, increased the use of lower impact the first calling. For this reason, your participation is very important raw materials as well as initiatives for reducing and offsetting CO2 to the Company. Important also is, prior to voting, your in-depth emissions. we remain focused on public targets and commitments analysis of the documentation for each one of the matters on the assumed until 2021: 80% using lower impact raw materials and agenda of these meetings. processes, of which 100% of items made from certified cotton; 100% of the domestic and international resale chain with socio-environmental Our e-mail [email protected] can be used to contact certification; 75% of consumption using energy from renewable and low the Company’s Corporate Governance Secretary who will be impact sources; and 20% reduction in absolute emissions of CO2. available to clarify any questions relating to the meetings.

At this time of great worldwide uncertainty from the Covid-19 Regards, pandemic, we are constantly monitoring the situation and the guidance from international authorities and those in the countries Fabio Adegas Faccio where we operate, through a Crisis Committee made up of leaders CEO from different areas in our business. We have embraced several preventive measures to protect the health of our employees, customers, suppliers and the community at large, as well as to preserve the business. To prevent the advance of Covid-19, we were pioneers in the open-ended shutdown, beginning on March 20, of all our Renner brick- and-mortar Renner (Brazil, Uruguay and Argentina) Camicado, Youcom 4 INVITATION

DATE: April 29, 2020 TIME: 1:00 p.m. ADDRESS: Corporation’s Headquarters Av. Joaquim Porto Villanova, 401, South Tower – 7th floor Jardim do Salso – Zip Code 91410-400 Porto Alegre/ RS – Brasil

AGENDA:

I) Annual General Meeting 1.Examine, discuss and vote on the management statements and financial statements for the fiscal year ending December 31 2019 2.Examine, discuss and vote the proposal for the allocation of net income for the fiscal year and the distribution of dividends 3.Establish the number of members of the Board of Directors 4.Elect the members of the Board of Directors 5.Establish the amount of compensation of the members of Management 6.Establish the number of members of the Fiscal Council 7.Elect the members of the Fiscal Council 8.Establish the amount of compensation of the members of the Fiscal Council

We also inform that the quorum for the installation of the AGM requires the presence of shareholders (or their representatives) holding shares that represent at least 1/4 (a quarter) of the shares that make up the share capital of Company. In case such quorum is not reached, the Company will define a new date for the installation of the General Meeting on second call. That being the case, the meeting may be installed with the presence of any number of shareholders.

5 PROCEDURES AND TERMS

To take part in the Annual General Meeting called for 1:00 p.m. on April 29, 2020, the Company’s Shareholders may choose one of four options at their disposal: (i) Personal Participation, (ii) by Remote Voting, (iii) Representation pursuant to the First Paragraph of Article 126 of Law 6,404/76, or (iv) through the Public Request for a Power-of-Attorney arranged by the Company.

(i) PERSONAL PARTICIPATION (ii) REMOTE VOTING Pursuant to Paragraph 5, Article 10 of the Corporate Bylaws Pursuant to Article 21-A and subsequent articles to ICVM and to ensure better organization of the Meeting, the 481/09, the Company’s shareholders may also exercise Company will begin registering Shareholders for the voting rights in General Meetings through a remote voting Meeting at least 72 (seventy-two) hours prior to the process, to be formalized in an electronic document appointed time. Consequently, those shareholders that known as a “Distance Voting Ballot” (Voting Ballot), the intend to participate personally may send the following model for which is shown in to be found in the website of documents before the event, care of the Investor Relations the Company www.lojasrenner.com.br/ri, in the CVM Officer, Laurence Beltrão Gomes to Av. Joaquim Porto Documents - Meetings and Minutes – Annual General Villanova, 401, Torre Sul, 7º andar, Bairro Jardim do Salso, Meeting 2020. Remote voting using the Voting Ballot may Porto Alegre, RS, CEP.91410-400 or by e-mail be in three formats: [email protected], or by presenting them personally at the beginning of the Meeting. Directly to the Company The Shareholder that chooses to send the Voting Ballot to Natural Person the Company, shall print, complete, initial, sign and mail a) substantiating statement issued by the securities registrar (Av. Joaquim Porto Villanova, 401, Torre Sul, 7º andar, Bairro in the past 5 (five) days; and b) copy of a nationally valid Jardim do Salso, Porto Alegre, RS, Cep.91410-400) or identification document with recent photograph: (i) forward it electronically ([email protected]) to Brazilian ID (RG) issued by an authorized body; (ii) Foreign Lojas Renner S.A., care of the Investor Relations Officer, Residents ID (RNE) issued by an authorized body; (iii) Valid Laurence Beltrão Gomes. passport issued by an authorized body; (iv) Class Association ID valid as a civil identity document for legal Pursuant to Article 21-B of ICVM 481/09, the Voting Ballot purposes issued by an authorized body (OAB, CRM, CRC, shall be received in up to 7 (seven) days prior to the CREA) or; (v) Brazilian driving license with photograph (in meeting. Voting Ballot received after the stipulated date the new driving license format). shall not be accepted by the Company. Pursuant to Article 21-U, the Company shall notify the Shareholder in Legal Entity and Investment Funds up to 3 (three) days from receipt of the Voting List if the a) substantiating statement issued by the securities registrar documents received are sufficient or otherwise for the vote in the past 5 (five) days; b) power of attorney and copy of to be deemed valid. Certification, notarization or a nationally valid identification document with a recent consularization of the signature shall not be required. photograph of the proxy; c) relative to the shareholders participating in the fungible custody of nominative shares, In addition to the Voting Ballot, the Shareholder shall the statement showing the respective shareholding submit the following certified documents (certification is participation, issued by a duly authorized body; and d) a waived for those documents in the website of the CVM): copy of the corporate bylaws or the current articles of Natural Person - ID with a photograph of the shareholder association and of the act vesting the representative with or their legal representative, being: Brazilian national’s ID, appropriate powers. Foreign Resident’s ID, Brazilian driving licenses, passport or class association ID. Legal Entity (PJ) and Investment Funds For the purposes of the documents in relation to the act, (FI) - a) ID with a photograph of the shareholder or their which vests the representative with powers to vote in the legal representative, being: Brazilian national’s ID, foreign name of a shareholder that is a legal entity, if the act is a resident’s ID, Brazilian driving licenses, passport or class meeting of the board of directors, then the shareholder association ID; b) Articles of Association or consolidated should first obtain a document substantiating the filing of and current Corporate Bylaws (in the case of a PJ), or the the act with the authorized registry. In the case of legal consolidated and current fund regulations (in the case of a entities with representatives who are not named in the FI); and c) a document substantiating powers of articles of association themselves or with any procedure for representation. nominating via a separate act, the shareholder must prove the validity of the nomination by providing proof of the Through a Custodian filing of the act with the authorized registry. The shareholder that chooses to exercise their remote voting rights through a service provider’s intermediary shall In the case of investment funds, the representative shall transmit their voting instructions to their respective substantiate their quality as administrator of the fund or custodian, pursuant to the latter’s rules, the custodian proxy nominated by the same in the form of the forwarding these voting declarations to B3’s Central applicable legislation. In the case of foreign investment Depositary. To this end, shareholders shall contact their funds and corporate entities, in the documentation custodians and verify procedures established for the issue substantiating powers of representation, the sworn of the latter’s instructions for voting via Voting Ballot as well translation shall not be necessary if the original language as the documents and information required by them to this of the document is Portuguese, English or Spanish. end. Documents written in other languages will only be accepted against presentation of a sworn translation into one of these 3 (three) aforementioned languages. 6 PROCEDURES AND TERMS

Pursuant to Article 21-B of ICVM 481/09, the shareholder (iii) REPRESENTATION, PURSUANT TO THE FIRST PARAGRAPH OF shall transmit instructions for completion of the Voting List to ARTICLE 126 OF LAW 6,404/76 their custodians up to 7 (seven) days prior to the holding of The shareholder may also be represented by a proxy, the Meeting, unless a different timeframe is set by their constituted at least for a year, conditional on the latter being a custodians. shareholder, administrator of the Company, lawyer or financial institution, it being incumbent on the investment funds As determined under ICVM 481/09, on receiving voting administrator to represent their investors pursuant to the First instructions from the Shareholders through the latter’s Paragraph, Article 126 of Law 6,404/76. The shareholders that respective custodians, B3’s Central Depositary shall are legal entities may be represented according to their disregard eventual diverging instructions in relation to the corporate bylaws/articles of association. same voting decision issued by the same tax registration number whether of a natural person or legal entity. When a proxy represents the shareholder, the regularity of the power of attorney will have to be verified prior to the opening of Through the Company’s Bank for Securities’ Registration the Meeting as well as ownership of the shares. This option is exclusively for the holders of shares deposited with Banco Itaú S.A., the securities’ registrar for the The documents to be prepared for participation in the Meeting Company. Itaú has set up a Digital Meeting website, a will be the same as those required for onsite participation as secure solution where it is possible to execute remote mentioned above, and in accordance with representation, voting. In order to vote via the website, the shareholder whether a natural person, corporate entity or investment funds. must register and have a digital certificate. Information on registering and the step-by-step process for issuing the (iv) PUBLIC REQUEST FOR A POWER OF ATTORNEY ARRANGED BY digital certificate are described in the site: THE COMPANY http://www.itau.com.br/securitiesservices/assembleiadigital/. As announced in the Announcement of a Public Request for a Power of Attorney, with view to ensuring the installation of a Other information on Remote Voting minimum quorum allowing the AGM to proceed upon first call, With the exception under ICVM 481/09, should there be a Management requests that shareholders who cannot be divergence between the eventual Voting Ballot received present at the Meeting or cannot be represented by a proxy directly by the Company and the voting instruction nominated at their exclusive criterion, use one of the following included in the consolidated voting map sent by the proxies placed by the Company at their disposal. central depositary with respect to the same number enrolled in the tax register, whether that of a natural person Should you decide to take part in the AGM using one of the or corporate entity, the voting instruction in the voting map proxies nominated by the Company pursuant to ICVM 481/09, in shall take precedence, the Voting Ballot received directly accordance with the votes to be cast, the shareholders may by the Company to be disregarded. nominate one of the lawyers indicated by the Company, details of whom are as follows: During the period for voting, the shareholder may change voting instructions as many times as understood to be In the event of a vote In Favor: necessary, the last voting instruction presented being MARIA MEDEIROS BOFILL, Brazilian, married, lawyer, bearer of ID considered in the Company’s voting map as valid. Once number 11025690544, enrolled in the tax register (CPF/MF) under the period for casting votes has elapsed, the shareholder number 962.461030-49 and in the Brazilian Bar Association may not alter voting instructions already sent. Should the (OAB/RS) under number 63.932 with professional address in the shareholder deem that the alteration should be necessary, city of Porto Alegre, RS, Av. Carlos Gomes, 222, 5º andar, Bairro they should participate personally in the Meeting, bearing Boa Vista, CEP 90480-000. the documents required by the Company for onsite participation, requesting that their voting instructions sent In the event of a vote Against: via Voting Ballot being disregarded. GABRIELA VITIELLO WINK, Brazilian, single, lawyer, bearer of ID number 5058550831, enrolled in the tax register (CPF/MF) under Shareholders with shares held in custody with more than number 944415100-04 and in the Brazilian Bar Association one institution (for example: part of the position is on the (OAB/RS) under number 54,018 with professional address in the books of a bank securities’ registrar and the other part with city of Porto Alegre, RS, Av. Carlos Gomes, 222, 5º andar, Bairro a custodian, or shares are held in custody with more than Boa Vista, CEP 90480-000. one custodian): just send the voting instructions of one institution only - the vote will always take into account the In the event of an Abstention: aggregate number of shares held by the Shareholder. DANIEL BORN ROMAN, Brazilian, single, lawyer, bearer of ID number 1080002429, enrolled in the tax register (CPF/MF) under The Company will not provide a proprietary electronic number 019.823.840-18 and in the Brazilian Bar Association system for sending the Voting Ballot or remote participation (OAB/RS) under number 111.130 with professional address in the during the Meeting. city of Porto Alegre, RS, Av. Carlos Gomes, 222, 5º andar, Bairro Boa Vista, CEP 90480-000.

The Power of Attorney Model is supplied by the Company’s Management pursuant to Article 23 and respective Attachment 23 to ICVM 481/09, in accordance with the draft of the Public Request for a Power of Attorney included in this Manual. All the legal information and specific regulations necessary for granting the requested instrument can be found in this document. 7 MATTERS TO BE RESOLVED In the Annual General Meeting

Pursuant to article 132 of the Law 6,404/76 (“Corporations Law” and article 10 of its Bylaws, the Company shall carry out an AGM once a year, within the four (4) months immediately subsequent to the ending of the fiscal year.

As per such provision of the Corporations Law, is of exclusive competence of the Annual General Meeting to resolve about the following matters contained in the agenda, which shall henceforth be emphasized and commented on:

•examine, discuss and vote on the Management accounts and financial statements for the fiscal year ending December 31 2019; •examine, discuss and vote the proposal for the allocation of net income for the fiscal year and the distribution of dividends; •establish the number of members of the Board of Directors; •elect the members of the Board of Directors; •establish the amount of compensation of the members of Management; •establish the number of members of the Fiscal Council; •elect the members of the Fiscal Council; and •establish the amount of compensation of the members of the Fiscal Council.

You will find below explanations provided by the Corporation’s management with respect to each one of the matters to be resolved in the Annual General Meeting.

Lojas Renner S.A. administrative headquarters in Porto Alegre.

8 MATTERS TO BE RESOLVED In the Annual General Meeting

1. EXAMINE, DISCUSS AND VOTE ON THE MANAGEMENT STATEMENTS AND FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDING DECEMBER 31 2019.

(A) MANAGEMENT STATEMENT (B) FINANCIAL STATEMENTS

The documents provided by the Corporation’s The financial statements express the Corporation’s management are: financial and economic condition and the equity (i)Management report concerning the business statistics variation occurred within the fiscal year. Through the and the management analyses and discussions with analysis of the financial statements, it is possible to respect to the main accounts of the Income Statement evaluate the equity situation, the liquidity rates, the for the fiscal year (Attachment III hereto); profit level and the Corporation’s indebtedness level. (ii)Management’s comments on the Corporation’s financial condition (Attachment IV hereto); The financial statements have as effective date (iii)Financial statements and the respective explanatory December 31, 2019 and refer to the fiscal year ended notes (Attachment V hereto); on the same date and are composed of six (iv)Independent auditors’ report (Attachment VI hereto); documents: (v) Report and Opinion of the Audit Risk Management (i) Balance sheet; Committee and Fiscal Council (Attachment VII hereto); (ii) Income statement for the fiscal year; and (iii) Statements of Changes in Equity - Parent Company (vi)Capital budget proposal and representations of the and Consolidated; Corporation’s officers pursuant to Article 25, §1, items V (iv) Statements of Cash Flows; and VI of Rule 480 (Attachment VIII hereto). (v) Statements of Comprehensive Income; and (vi) Statement of Value Added. The management documents mentioned above are an integral part hereof. Furthermore, such documents are The Explanatory Notes are presented together with the separately available in the website of Securities financial statements, with the purpose of Exchange Commission (CVM – Comissão de Valores supplementing such financial statements, as well as to Mobiliários) (www.cvm.gov.br) or in the Corporation’s assist in their analysis and comprehension. The website (www.lojasrenner.com.br/ri). shareholders shall duly exam the explanatory notes related to the Corporation’s financial statements with The Management accounts are presented together with the purpose to evaluate and approve (or not) such the management report and the financial statements financial statements. prepared by the Corporation’s Board of Executive Officers. Prior to disclosure to and approval by the The Corporation’s financial statements have been shareholders, the accounts shall be previously approved audited by KPMG Auditores Independentes. The by the Board of Directors. After issuance of opinion by auditors issued a report without caveats, pursuant to the Fiscal Council, the accounts are then submitted to the full content of the opinion set forth in Attachment the AGM. The approval by the Board of Directors was VI hereto. Renner's policy for its independent auditors obtained during the meeting of the board of directors with respect to the provision of services not related to held on February 05, 2020. On the same date, the Fiscal the external audit, rests on principles that preserve the Council issued its Opinion. auditor’s independence. These principles are based on the fact that auditors should not audit their own work, The Management Report contains financial and non perform management functions or represent their financial information, in addition to statistic and business client. During the fiscal year ending December 31, information with respect to the analysis and discussions of 2019, the Company’s independent auditors, KPMG the main accounts of the income statement for the fiscal Auditores Independentes, were responsible for year, as well as information related to employees, social examining the financial statements and preparing the responsibility, capital market, corporate governance, assurance report to the Company’s Annual Report. among others. Furthermore, in 2019, the amount of fees payable to the independent auditors in the fiscal year 2019 was R$ The Corporation recommends to its shareholders to duly 1,408 thousand, of which R$ 394 thousand relates to exam the documents provided by the management of licensing services of the tool for implementation of the Corporation, in order to resolve about the validation of accessory tax obligations. Management accounts. The Corporation recommends to its shareholders to duly exam the documentation provided by the Management in order to resolve about the Corporation’s financial statements.

9 MATTERS TO BE RESOLVED In the Annual General Meeting

2) EXAMINE, DISCUSS AND VOTE THE PROPOSAL FOR THE ALLOCATION OF NET INCOME FOR THE FISCAL YEAR AND THE DISTRIBUTION OF DIVIDENDS

(A) ALLOCATION OF NET INCOME Pursuant to Section 35 of the Bylaws, the interest The Corporation’s management shall submit the over own capital in the amount of R$ 252.0 million, proposal for application of net profit of the fiscal as declared in the Board of Directors’ Meetings year, pursuant to Annex 9-1-II to Rule 481. Such held on March 18, June 19, September 19 and proposal is included in Attachment IX hereto. We December 18, 2019, have been attributed to the recommend the careful reading of such Attachment compulsory dividend proposed by the after the reading hereof. Management, and for such reason, the amount to be paid as a dividend, after the AGM, shall be R$ The Corporation’s net profit for the fiscal year totalizes 15.7 million, corresponding to R$ 0.019809 per the amount of R$ 1,099.1 million. Net profit share. corresponds to the positive results of the fiscal year, after deduction of the provision for the income tax In February 10, 2020 672,430 shares were and the statutory profit sharing assignments. transferred in the light of the Company’s Restricted Shares Program and Company's Share Buyback The Management of the Company proposes the Program, which totaled a 2MM share buyback following application of net profit for the fiscal year: between March 10 and 11, 2020. Therefore the Dividends in the amount of R$ 267.3 million, number of shares considered for the calculation of representing 25% of the net profit for the fiscal year, the dividends per share changed from 793,726,452 st Legal Reserve in the amount of R$ 55.0 million, as of December 31 , 2019 to 792,398,882. representing 5% of the net profit for the fiscal year, Reserve for Investments and Expansion in the amount The Corporation understands that the proposal for of R$ 679.3 million, representing 61.8% of the net profit application of net profits above was formulated in for the fiscal year, Tax Incentive Reserve in the accordance with legal and statutory obligations of amount of R$ 97.5 million, representing 8.9% of the net the Company. The present proposal matches the profit for the fiscal year, according to article 195-A of expansion project of the business activities of the Law 6,404/76. The proposal was adopted in the light Company. of the Company’s sustained growth policy, investments in new stores, in structure and the 3) ESTABLISH THE NUMBER OF MEMBERS OF THE logistics process. BOARD OF DIRECTORS

The Company understands that the proposal for Pursuant to Paragraph 3, Article 16 of the application of net profits above was formulated in Company’s Bylaws, the shareholders shall decide accordance with legal and statutory obligations of at the Annual General Meeting the effective the Company, strictly pursuing its corporate purpose. number of members to sit on the Board of Directors. According to the Company’s Bylaws, the Board of Directors shall be composed by, minimum (B) DISTRIBUTION OF DIVIDENDS five (05) to maximum nine (09) members.

Pursuant to Attachment IX hereto, the Management Management proposes that 8 (eight) members sit of the Company, in the light of the economic on the Board of Directors. impacts of the pandemic caused by the Covid-19 virus, proposes to distribute the amount of R$ 267.7 The Company believes that the proposal to million, which corresponds to fifty per cent (25%) of maintain the existing number of members on the Corporation’s adjusted annual net profit and Board of Directors is in accordance with the dividends prescribed in 2019, to be distributed among principles of corporate governance currently the Shareholders of the Corporation based on their being followed. respective participations.

10 MATTERS TO BE RESOLVED In the Annual General Meeting

4) ELECT THE MEMBERS OF THE BOARD OF DIRECTORS

The election of the members of the Company’s Board of Since October 2009, the Board of Directors is subject to a Directors may take place through 3 (three) voting systems formal evaluation through which the directors annually which are: (i) via an individual voting process (“Individual appraise the Organ as a whole, their individual Voting”); (ii) through a multiple voting process (“Multiple performances, the Chairman of this Body and the Voting Process”) or (iii) via separate voting process (“Separate Committees, also including aspects with respect to the Voting Process”), as described below. economic performance of the organization.

As is already known, the current members of the Board of The Board of Directors was evaluated with the help of a Directors shall be considered automatically nominated for specialized outside consultancy with solid knowledge and reelection via a joint proposal of the members of the Board of experience in appraisals of boards of large companies. The Directors. Thus, the names indicated by the Company are process involved an interview with all the Directors and the José Galló, Osvaldo Burgos Schirmer, Carlos Fernando Couto Board secretary. All the directors evaluated their peers de Oliveira Souto, Fábio de Barros Pinheiro, Thomas Bier individually as well as a direct appraisal of the Chairman Herrmann, Juliana Rozenbaum Munemori, Christiane Almeida and the dynamic of the meetings. Each director received Edington and Alexandre Vartuli Gouvea, all adherent to the individual feedback as a result of the evaluation of their Policy for Indication of Members of the Board of Lojas Renner peers on a closed basis, that is consolidating the evaluation S.A.. of all the other directors. Subsequently, the consultancy reviews feedback from the general evaluation of the Board The multiple voting process is a procedure whereby each at a specific meeting, which highlights the positive factors share is attributed so many votes as there are vacancies to and points where there is room for improvement. be filled on the Board of Directors, the shareholder’s right to accumulate votes for one candidate only or distribute them In 2019, Lojas Renner’s Board of Directors met 16 times, among various candidates being recognized. Shareholders of closely monitoring the Company’s management and the Company, representing at least 5% (five percent) of the businesses. capital stock, may request to the Company in writing the adoption of the multiple voting process up to 48 (forty-eight) At the end of its onsite meetings and as a practice, the hours prior to the holding of the AGM pursuant to Law Board of Directors holds a “Non-Executive Session”, without 6.404/76. Company executives.

Should the multiple voting process not have been requested, Of the eight members of the Board, only one Director was a the members of the Board of Directors may decide by an statutory officer of the Company. Thus, all current members absolute majority of those present to propose the name of are external and seven are independent, thus fostering a substitute candidates to replace any current Director not plurality of opinions for establishing business strategies and standing for reelection should such a nomination be guaranteeing the independence of executive activities. necessary to make up the total number of candidates for the seats on the Board, pursuant to the provision in Article 17 of The Directors Osvaldo Burgos Schirmer, Carlos Fernando the Company’s Corporate Bylaws. Should the multiple voting Couto de Oliveira Souto, Fábio de Barros Pinheiro, Thomas process have been requested, each current member of the Bier Herrmann, Juliana Rozenbaum Munemori, Christiane Board of Directors shall be considered a candidate for Almeida Edington and Alexandre Vartuli Gouvea have reelection to the Board of Directors. declared themselves independent in a document delivered to the Company in accordance with the criteria of It is secured to shareholders holding, whether solely or jointly, independence ordained in the B3 S.A. – Brasil, Bolsa, at least, 10% (ten per cent) or more of the Company’s Balcão’s Novo Mercado’s Listing Regulations. Accordingly, common shares, the right to elect one Board Member in the Board of Directors has 88% independent members and separate voting, compliance with the provision in Company’s 25% are women. Corporate Bylaws to be observed with respect to the independence of the Director. The Board of Directors of Lojas Renner S.A. declares itself favorable to the qualification of each of the members of The Board of Directors has the support of four committees: the the Board of Directors mentioned above under the criteria Human Resources Committee, set up on June 08, 2005 as the of independence incorporated in the Novo Mercado Listing Compensation Committee; the Sustainability Committee Regulations. established on March 31, 2008; the Audit and Risk Management Committee on April 20, 2015 and with statutory The document containing information under items 12.5 to status since March 09, 2018, and the Strategic Committee on 12.10 of the Reference Form attached to ICVM 480/09 for April 17, 2014. Both the Board of Directors as well as the each one of the nominated members of the Board of Committees have Internal Charters which regulate their Directors is included in this Manual under Attachment X. respective activities.

11 MATTERS TO BE RESOLVED In the Annual General Meeting

4) ELECT THE MEMBERS OF THE BOARD OF DIRECTORS

Indicated by de Company

José Galló. Chairman of Lojas Renner’s Board of Directors since April 18,2019. He has served as a member of the Board of Directors of Lojas Renner since April 1998, having held the position of Chairman of that Board between 1999 and 2005 and is currently President of the Strategic Committee and member of the Sustainability Committee. He was Superintendent Director of Lojas Renner SA, from September 1991 to March 1999, when he was elected President Director, a position he held until April 2019. He has worked in retail for more than 30 years, having been a member of the Board of Directors of Instituto para Desenvolvimento Retail (IDV). He has been a member of the Board of Directors of Localiza Rent a Car S.A. since October 2010, having been elected Vice-Chairman of that Board in April 2019; Itaú Unibanco Holding S.A. since April 2016 and Ultrapar Participações S.A. since April 2019. He was a member of the Board of Directors of SLC Agrícola S.A. from April 2007 to May 2016. He was Director of Renner Administradora de Cartão de Crédito Ltda., Dromegon Participações Ltda., Realize Participações SA and Realize Crédito, Financiamento e Investimento SA, all companies linked to Lojas Renner SA, and was also a member of the Deliberative Council of Instituto Lojas Renner from June 2008 to April 2019. He is currently Ambassador of Endeavor Brasil in Rio Grande do Sul and Vice-President of the Deliberative Council of Instituto Caldeira, an innovation ecosystem in Porto Alegre.

Mr. Galló graduated in Business Administration in 1974 from Fundação Getúlio Vargas.

Osvaldo Burgos Schirmer. Independent Member of the Board of Directors since April 2012 and was Chairman of the Board from April 2013 to April 2019. On April 18, 2019, he was elected Vice-Chairman of the Board of Directors. He is Chairman of the People Committee, and a Member of the Company's Audit and Risk Management Committee. He worked at the Gerdau Group from 1986 to January 2013 and was appointed Finance Director in 1987. He was Vice President of the Executive Committee of Gerdau SA, from 2002 to January 2013. He was also Vice President of Finance and Controllership and Investors Relations Director of Gerdau SA. He has been an independent member of the Board of Directors of SLC Agrícola SA, since June 2013, of YDUQS (Ex-Estácio), since April 2016, and chairs the Financial Committee to support the Board of that Institution, and CMPC Celulose, since June 2016. He is an Advisory Board member of SLC Participações, a closed family holding company of the SLC Group, since April 2017 and member of the Board of Directors of Marcopolo and coordinator of the Financial Committee since April 2018. Founder and Partner of SBA - Schirmer and Associates Business Advisors, since January 2013. He is a member of the Board of the American Chamber of Commerce of the State of Rio Grande do Sul. Founder and partner of SBA – Schirmer and Associates Business Advisors, since January 2013. Since February 2013, he has been the Chairman of the Board of the American Chamber of Commerce of the State of Rio Grande do Sul.

He graduated in Business Administration from Universidade Federal do Rio Grande do Sul, has a Master’s degree in Business Administration from Southern Illinois University (USA) and has concluded several specialization courses, among them one at the Harvard Business School (USA) in Administration for Senior Management.

Carlos Fernando Couto de Oliveira Souto. Independent Member of the Board of Directors of Lojas Renner since April 2015, he was Vice-Chairman of the Board from April 2016 to April 18, 2019, and he is currently member of the People Committee and Audit and Risk Management Committee. He is founder, partner and CEO of the law firm Souto, Correa, Cesar, Lamberts & Amaral Advogados. Board Member of YPO (LAC Region), Associação Escola Panamericana de Porto Alegre (PAS), Câmara Americana de Comércio in Porto Alegre (AMCHAM) and Hospital Moinhos de Vento in Porto Alegre (HMV).

Graduated in Legal and Social Sciences from the Federal University of Rio Grande do Sul, in 1989, with a specialization in Philosophy and Political Economy from PUC / RS; participated in the FGV and Economics and Corporate Law program, and in the graduate program at the Escola Superior do Ministério Público; is a graduate of the Harvard Business School (HBS) OPM Program, including the OPM module in Shanghai. He has participated in the Seminar for Presidents for years, a management program organized by FGV in conjunction with YPO, and participated in the YPO Gold Harvard President’s Program, organized by HBS in January 2020.

Fábio de Barros Pinheiro. Independent Member of Lojas Renner’s Board of Directors since August 2014 and he is currently President of the Audit and Risk Management Committee. He has been independent member of the Board of Directors of Banco Pan S.A.. since 2013, Chairman of Itsseg Seguros Inteligentes S.A. since January 2016 and independent member of the Board of Directors of CPSEC (Companhia Paulista de Securitização). He was independent member of Galvani Indústria, Comércio e Serviços S.A. and Estre Ambiental Inc. and Chairman of Grupo Dilleto and Eneva S.A.. He was also Managing Director of Banco UBS Pactual S.A.. He was independent member of the Board of Directors of Laticínio São Vicente de Minas S.A. from 2013 to 2018.

He graduated in Electrical Engineering from Universidade de Brasília (Brasília) in 1982 and has a MBA from Indiana University (Indiana - USA) in 1992.

12 MATTERS TO BE RESOLVED In the Annual General Meeting

4) ELECT THE MEMBERS OF THE BOARD OF DIRECTORS

Indicated by de Company

Juliana Rozenbaum Munemori. Independent Member of the Board of Directors since April 2017 and she is currently member of the Strategic Committee. Since July 2013, she has been a member of the Board of Directors of Arezzo&Co and Coordinator of the Strategy Committee. Since June 2016, she has been an effective independent member of the Board of Directors of Duratex S.A as well as sitting on the Audit and Risk Management Committee and the Committee for Evaluation of Transactions with Related Parties. Since April 2018, is independent Member of EDP – Energias do Brasil S.A.’s Board of Directors, of the Corporate Governance and Related Parties Board and the Inclusion and Diversity Committee. Since December 2018 participates in the Strategy Committee of Suzano Papel e Celulose S.A. and, since January 2019 is Member of the Consultive Board of Euroframa Laboratórios S.A.. Since December 2019 she is member of the Board of Directors of Cogna Educação S.A. and member of People and Governance Committee and coordinator of the Strategy and Innovation Committee. She has 13 years’ experience in Sell Side Equity Research, her primary focus being on companies in the consumption and retail sector. She worked for different financial institutions between 2000 and May 2013, principally at Itaú BBA. From 2013 to 2017, she worked as a consultant in consumption and retailing for the Investment Banking area of Itaú BBA. Previously, she worked as a Buy Side economist for institutions such as JGP, Pactual and Icatu. She is also a member of the Consultative Board of GoCase and Uatt, companies under the Endeavor Entrepreneurship umbrella, an organization of which she is an active mentor. She has funded the ONG Associação Beneficente Parents in Action, in which she is Financial Officer.

She graduated in Economics from the Pontifícia Universidade Católica (PUC) of Rio de Janeiro and holds a CFA designation.

Thomas Bier Herrmann. : Independent Member of the Board of Directors since April 2017 and he is currently President of the Sustainability Committee and member of People Committee. Has exercised his professional activities for 47 years at Grupo Renner Herrmann S.A. Since 1997, he has held the position of Chief Executive Officer of Renner Herrmann S.A. He was member of the Board of Directors of Lojas Renner from 1991 to 1998. He was a Director of Iochpe-Maxxion S/A from January 2008 to March 2015. He is a member of the Senior Board of the Rio Grande do Sul Steel Association and the Board of Directors of Hospital Moinhos de Vento, having been president of the latter institution from 1999 to 2005.

He graduated in Business Administration from the Universidade Federal do Rio Grande do Sul and in Law from Pontifícia Universidade Católica (PUC), Porto Alegre.

Christiane Almeida Edington. Independent Member of the Board of Director of Lojas Renner and Member of the Strategic Committee since April 2018. She has a solid experience of 30 years in various areas of Information Technology as well as 8 years leading the area of organizational processes and business in large companies. From February 2019 to February 2020 she was CEO of Dataprev, a state-owned company that provides IT solutions, being responsible for the social database of Brasil. Since January 2016, she has sat on the Board of CIONET – a world network of CIOs. She is Director of the OESIA Grupo, a Spanish company specialized in innovative technologies and has been a member of the Strategy Committee since January 2017. She acts as advisor in the Winning Woman Brazil Program. Since January 2016, she has been an Advisory Director of ZUP IT INNOVATION, a startup focused on the digital transformation of large companies. She was a Member of the Board of Directors of LIQ S.A. from January 2017 to January 2018. She was Executive Director for Information Systems (CIO) at Telefônica Vivo from March 2011 until April 2016. She was General Director for Information Systems (CIO) at Vivo S.A., from 2008 until 2011. She was Information Systems Director – CIO at Tele Leste Celular Participações (Telebahia Celular and Telergipe Celular) – Telefônica Group from 1998 to 2003. She began her career at Telecomunicações da Bahia S.A (Telebahia) – a Telebrás Group company, having from 1985 to 1998, held various technical and managerial functions. Member of the CIO Solidário Group and a participant in the Brazil Educational Project.

Graduated in Data Processing – Escola Baiana de Processamento de Dados (1985). She has a post-graduate degree in Software Engineering – Universidade Federal da Bahia (1994); a Master’s degree in Business Management – Fundação Dom Cabral (2000); completed the Personnel Management program from the Universidade de São Paulo (2001); an MBA in Business Management - Fundação Getúlio Vargas (2002); completed the IESE Business School – Universidad de Navarra - Advanced Management Program (2002); an MBA in IT Governance - Instituto de Pesquisas Tecnológicas/USP (2007) and completed the Corporate Governance, Board of Directors program – IBGC (2016).

Alexandre Vartuli Gouvea. : Independent Member of the Board of Directors of Lojas Renner since July 2019 and is currently a member of the Strategic Committee. He was a senior partner at McKinsey & Company. During his 29 years at McKinsey, he served clients in financial services, retail, telecommunications, the chemical and metals industry and mining, on strategic, organizational, operational, merger and international expansion topics. More recently, he developed and led the RTS Practice in South America, which offers a proven approach to transformational change in customers looking for radical, fast and sustainable performance improvements. Since joining McKinsey, he has worked throughout Latin America, the United States, Canada and Turkey. Since 2013, he is member of the Board of Directors of Habitat for Humanity Internacional.

He graduated in Mechanical Engineering from the Universidade Federal do Rio de Janeiro (1982) and has an MBA in Strategy from UCLA Anderson School of Management (1990). 13 MATTERS TO BE RESOLVED In the Annual General Meeting

5) ESTABLISH THE AMOUNT OF COMPENSATION OF THE MEMBERS OF MANAGEMENT

The Corporation submits the proposal for compensation of the management set out below, as well as any additional information contained in item 13 of the Corporation’s Reference Form, pursuant to Attachment XI hereto.

For the fiscal year 2020, the Company's Management is proposing a global remuneration of up to R $ 38.8 million, 14.2% below the amount proposed and approved for 2019, which was R $ 45.2 million and 21, 6% below what was proposed in the first call of this AGM, which was R $ 49.5 million. This amount already includes the provisions of Article 152 of Law 6,404 / 1976, the terms of the decision issued in CVM administrative process No. RJ-2014-6629, as well as in CVM Circular Letter / SEP / No. 02/2020. Below, the opening of the global remuneration of the Directors and the Fiscal Council of 2018, 2019 and the estimated for 2020 (previous and new). 2020 (Previous 2020 (New Global Compensation of the Management 2018 (Paid) 2019 (Paid) Estimate) Estimated) Fixed Compensation R$ 11.262.270,94 R$ 17.956.539,66 R$ 25.500.000,00 R$ 21.048.882,21 Pro-labore R$ 8.708.973,34 R$ 14.892.876,66 R$ 21.800.000,00 R$ 17.864.760,00 Committees Participation R$ 1.641.600,00 R$ 2.148.200,00 R$ 2.500.000,00 R$ 2.342.400,00 Benefit R$ 911.697,60 R$ 915.463,00 R$ 1.200.000,00 R$ 841.722,21 Variable Compensation R$ 9.240.949,20 R$ 6.349.451,36 R$ 8.000.000,00 R$ 2.851.500,00 Meeting Participation R$ 946.200,00 R$ 494.000,00 R$ 0,00 R$ 0,00 Variable Compensation (Statutory Participation) R$ 8.294.749,20 R$ 5.855.451,36 R$ 8.000.000,00 R$ 2.851.500,00

Stock-based Compensation R$ 13.030.852,06 R$ 13.745.961,89 R$ 16.000.000,00 R$ 14.910.091,25 Expenses with the Stock Option/Restricted Plans R$ 13.030.852,06 R$ 13.745.961,89 R$ 16.000.000,00 R$ 14.910.091,25

Total R$ 33.534.072,20 R$ 38.051.952,91 R$ 49.500.000,00 R$ 38.810.473,46

* No longer paid as a variable as of Jul / 19

Note: The stock option plan’s pricing methodology used to determine the values in the above table is based on the guidelines provided in CVM Decision 562 and CPC Announcement 10. According to these regulations, companies are required to book their mechanisms at fair value, using consistent and recognized methodologies. The Company uses the Black&Scholes model, which is widely used in the market and takes into account parameters such as the stock’s trading price on the day of the awarding, option strike price, stock volatility history, and more. The output of the Black&Scholes model used for the purposes of determining accounting expenses may be interpreted as the present value of potential future gains from the stock options calculated on the date of ach awarding and with pro- rated accrual over the vesting period, with no value changes irrespective of later stock price changes such as that seen in March 2020 in the wake of the Covid-19 pandemic. It is therefore worth emphasizing that the results shown in the above table do not represent effective financial gains made by the executives in the fiscal year at hand, as the concept of stock options implies risks of the executives not realizing any gains as a result of terminations, which may cancel the options awarded, and mainly to potential devaluations vis-à-vis de strike price while the option is in force. Additional information on the compensation earned by Managers and members of the Fiscal Council available in Attachment XI hereto.

Pursuant to Section 14 of Corporation’s Bylaws, the Board of Directors is entitled to distribute the amount of global compensation individually among the officers, upon consideration of the People Committee’s report.

6) ESTABLISH THE NUMBER OF MEMBERS OF THE FISCAL COUNCIL

Pursuant to caput Article 28 of the Company’s Bylaws, the shareholders shall decide at the Annual General Meeting the effective and alternate number of members to sit on the Fiscal Council. According to the Company’s By Laws, the Fiscal Council shall be composed from three (03) to five (05) sitting members and equal number of alternate members.

Management's proposal is that the number of Fiscal Council members remain the same as current, or three effective members and three alternate members.

The Company believes that the proposal to maintain the existing number of members on the Fiscal Council is in accordance with the principles of corporate governance currently being followed.

14 MATTERS TO BE RESOLVED In the Annual General Meeting

7) ELECT THE MEMBERS OF THE FISCAL COUNCIL

Pursuant the Corporation Bylaws, the Fiscal Council will be permanently installed and shall be composed of 3 (three) to 5 (five) effective members and alternate members in equal number. The amount shall be defined in the Annual General Meeting, with unified term of office of one (01) year, being allowed reelection.

Pursuant article 28 of the Corporation Bylaws, the majority of shareholders attending the AGM shall elect the majority of the Fiscal Council’s members and their respective alternate members. The remaining shareholders shall elect the remaining members, as well as their alternate members. The shareholder or group of shareholders different from that one which elected a member as provided for in the previous paragraph shall have equal rights, observing same rules and conditions of election. Other shareholders, excluding those voting in the election of members for the Fiscal Council as provided for in the paragraphs above, may elect the effective members and its alternates who, in any case, shall be in an equal number of those elected under the terms of the paragraphs above, plus one (1).

In 2019, the Fiscal Council of Lojas Renner met 8 times, four of which being interactive meetings with the External Auditor. The Fiscal Council also was present during part of the meetings of the Audit and Risk Management Committee in addition to parts of the meetings of the Board of Directors on the occasion of approval of the Financial Statements and Management Report, capital budget, share bonus, dividends and interest on capital.

As the Fiscal Council is permanent and, if not appointed by shareholders, the current members are suggested annually for reelection. However, for this election, the shareholder Previ - Banco do Brasil Employees' Pension Fund requested the replacement of one of the members of the Fiscal Council, who had been appointed by them in the previous year. As a form of renewal and following the best independence practices in Corporate Governance, one of the alternate fiscal councilors, with more than 10 years in this position, will not be suggested by the Company.

In the event of there being no further nominations by shareholders to compose the Fiscal Council, shareholders present at the General Meeting shall elect the members to the Fiscal Council from among all those nominated for this position, including those listed in Attachment X.

The document containing the principal information on each one of the members for election to the Fiscal Council, including those listed in items 12.5 to 12.10 of the Reference Form attached to Instruction 480 can be found in this Manual under Attachment X.

Suggested by the Company: EFFECTIVE MEMBER

Joarez José Piccinini. He is effective member of the Lojas Renner S.A. Fiscal Council since April 18,2019. Since 2009, he has been Financial Services managing director (Banco Randon and Randon Consórcios) for the Empresas Randon group. He is also Institutional Relations Officer of Randon and Chairman of tha Deliberative Board of RandonPrev. He has more than 20 years of activity in the Brazilian financial market, also with spells at the financial institutions of BankBoston, Sogeral and Maisonnave and with a broad-based experience in the international financial market, residing for 10 years in London, (FleetBoston/ Bank of America and Votorantim). While in London, he was a Councilor of the Brazil-United Kingdom Chamber of Commerce. Currently, he is Economic and Finance Director and Councilor on the Caxias do Sul Chamber of Commerce and Industry. He graduated in Business Administration, with specialization course in Capital Markets, Derivatives and Analysis of Risk and Credit, the latter held in Boston, and has an MBA in Marketing from ESPM. He also completed a Board Directors course run by the IBGC (Brazilian Institute of Corporate Governance), São Paulo. ALTERNATE MEMBER

Roberto Zeller Branchi. He was elected alternate member of Lojas Renner’s Fiscal Council from April 2016 to April 2019. He is a partner at Ardenas Partners, was Controller at CRP Companhia de Participações and CFO at Rexnord Correntes Ltda., As well as having worked as Senior Manager at PricewaterhouseCoopers Auditores Independentes. He is a professor in several MBA's and Specializations, member of committees with the Federal Accounting Council (CFC) and Rio Grande do Sul Regional Accounting Council (CRC / RS). Associated with IBGC - Brazilian Institute of Corporate Governance. He is graduated in Accountability in 1999, post graduated in Management Controlling in 2001 and has a Master in Economics by Universidade Federal do Rio Grande do Sul in 2011.

15 MATTERS TO BE RESOLVED In the Annual General Meeting

7) ELECT THE MEMBERS OF THE FISCAL COUNCIL Suggested by the Company: EFFECTIVE MEMBER

Ricardo Zaffari Grechi . Effective member of the Fiscal Council of Lojas Renner since April 2014. He has been effective member of the Fiscal Council of Instituto Lojas Renner since 2014. He was tax audit and manager of PwC, in Porto Alegre (RS) and Joinville (SC). He CEO at Unetral S.A..

He has a degree in Legal and Social Sciences from the Universidade Federal do Rio Grande do Sul (UFRGS) in 1999 and in Accounting Sciences from the Pontifícia Universidade Católica of Rio Grande do Sul (PUCRS) in 2001.

ALTERNATE MEMBER

Roberto Frota Decourt . He is an alternate member of Lojas Renner‘s Fiscal Concil since April 2010. He has been a Managing Partner at the Instituto Pantex de Pesquisa Ltda. since 2001, working as consultant and coach in the field of financial and risk management. He has been member of the Board of Directors of Connectplug since 2018. He was an effective member of the Fiscal Council of Metalúrgica Gerdau S.A. from 2007 to 2011 and from 2014 to 2016. He also has experience as a MBA and doctorate lecturer at Unisinos - Universidade do Vale dos Sinos (RS) since 2005.

Mr. Decourt has a degree in Business Administration and a Doctorate in Administration from EA/UFRGS - Escola de Administração da Universidade Federal do Rio Grande do Sul. He also has a Post Doctorate degree in Finance from Université Grenoble Alpes.

Indicated by Previ : EFFECTIVE MEMBER

Estela Maris Vieira De Souza. She started her career at PricewaterhouseCoopers (PwC) in August 1987, and from 2000 to 2018 she was audit partner. She elected to take early retirement from PwC in January 2019. Audit engagements and consulting assignments for Brazilian and multinational companies of various sizes covering diverse business segments. Over a period of 15 years, she was the lead PwC Brazil partner responsible for delivering professional services to the Technology, Communication, Entertainment and Media sector. She represented the region at the PwC Network level in her area of expertise and was a full member of the PwC Brazil Board. She was a full member of the Board of PwC. She was a full member of the Board of PwC. Bachelor's Degree (B.S) in Business Administration and Accounting Sciences from the Pontifical Catholic University of Rio Grande do Sul (PUCRS). MBA in Marketing in Services from the Institute of Administration (FIA / USP), Master (Msc) in Accounting and Controllership from the University of São Paulo (FEA / USP). Board Member certified by the Instituto Brasileiro de Governança Corporativa (IBGC). ALTERNATE MEMBER

Isabel Cristina Bittencourt Santiago. She was elected member of the Board of Directors and Chairman of the Audit and Risk Management Committee of IIA Brasil, since 2017. Fiscal Council Member: Lojas Renner S.A, since 2019 (alternate) and São Martinho S.A since 2017; Nova Fronteira Bioenergia S / A (joint venture between São Martinho SA and Petrobrás BioEnergia SA): from 2011 to 2017. Chairman of the Fiscal Council of Aceprev (Closed Entity for Private Pension Plans): from 1999 to 2012 and of the Aperam Acesita Foundation: from 2010 to 2011. Executive Manager of Internal Audit and Risk Management (Regional: Americas); Compliance manager with SOX & Controls Internos e Contabilidade and member of the Complam Committee at Aperam S.A since 1992. Financial and Investor Relations Director: Metaltrust S.A .: from 2009 to 2012. Graduated in Accounting and Business Administration; “Master Business Administration” (MBA) Business by Fundação Dom Cabral; Fiscal and Administration Counselor certified by IBGC - Brazilian Institute of Corporate Governance; Certified by IIA Global: in Internal Auditing (CIA - “Certified Internal Auditor”) and in Risk Management (CRMA: “Certification in Risk Management Assurance”). Certified in “Business English” by the University of Cambridge. Publication of articles in “IIA Notícias” about the CIA Audit and Certification Committee. Commentary on an article: “The time and turn to choose the best tax regime” published in the Accountant's Monthly.

8) ESTABLISH THE AMOUNT OF COMPENSATION OF THE MEMBERS OF THE FISCAL COUNCIL

The compensation of the members of Fiscal Council shall be fixed in the AGM and the compensation to each member shall not be lower than ten per cent (10%) of the average compensation attributed to each executive officer, not included the benefits, allowances and shares profits.

For 2019, the Administration proposes to fix the values practiced in 2019, adjusted by the INPC inflation index 2019 bringing the total value of R$ 687.6 thousand. This amount is included in the aggregate compensation of Management shown in item 5 above.

Further details on the compensation of the members of Fiscal Council are set out in the Attachment XI hereto. 16 ATTACHMENTS

ATTACHMENT I

ANNOUNCEMENT TO THE MARKET PUBLIC REQUEST FOR A POWER OF ATTORNEY

Pursuant to Article 27 of Instruction 481 of December 17 2009, published by the Securities and Exchange Commission (“CVM”), Lojas Renner S.A. (Company) wishes to announce that the Company’s management, with respect to the dispatch of its Manual for Participation in Shareholders’ Meetings containing instructions in the Annual General Meeting of the Company (“AGM”), to be held on April 29, 2020, will use the opportunity to make a public request for a power of attorney.

Considering the risks of non-installation of the AGM on first call, and that a second call would represent additional costs, the Company has resolved to use the vehicle of the above mentioned public request for a power of attorney to seek the largest possible participation of its shareholder base in the AGM.

Is this context, the Company’s management shall request powers of attorney in order that shareholders are guaranteed participation in the AGM and thus be able, should they so wish, to vote for or against or abstain on the items on the agenda of the day to be published in due course through the intermediary of a Call Notice.

The Call Notice shall contain the following items:

1. examine, discuss and vote on the management accounts and financial statements for the fiscal year ending December 31, 2019; 2. examine, discuss and vote on the proposal for the allocation of net income for the fiscal year and the distribution of dividends; 3. establish the number of members on the Board of Directors; 4. elect the members of the Board of Directors; 5. establish the aggregate compensation of the members of Management; 6. establish the number of members of the Fiscal Council; 7. elect the members of the Fiscal Council; and 8. establish the compensation of the members of the Fiscal Council.

Porto Alegre, RS, March 20, 2020.

Laurence Beltrão Gomes Investor Relations Officer

This statement was sent to the market through the IPE System on March 20, 2020, as Protocol 008133IPE290420200104391010-80, and resubmitted on March 30, 2020, as Protocol 008133IPE290420200204391010-80.

ATTACHMENT II

FORM OF PROXY AND INFORMATION OF ANNEX 23 OF RULE 481/09

FORM OF PROXY POWER OF ATTORNEY

[SHAREHOLDER], [IDENTIFICATION], ("Grantor") hereby appoints and constitutes Mr. [NAME], [CITIZENSHIP], [MARITAL STATUS], [PROFESSION] with Identity Card N. [•], enrolled with CPF/MF under N. [•], resident and domiciled in the City of [•], State of [•], at [ADDRESS], to represent Grantor, in its capacity as shareholder of Lojas Renner S.A. ("Corporation"), in the Corporation's Annual General Meeting to be held on first call on April 29, 2020, at 1 p.m., at the Corporation's headquarters located at Avenida Joaquim Porto Villanova, n° 401, Jardim do Salso, City of Porto Alegre, State of Rio Grande do Sul, to exam, discuss and vote on behalf of Grantor, in accordance with the voting instructions established below, concerning the following Agenda:

1) examine, discuss and vote on the management accounts and financial statements for the fiscal year ending December 31, 2019